Tag: Mortgage

Posted on 12/19/2021
Top 5 Tips For Financing a New Construction Home
Photo by Anthony Shkraba from Pexels Building your new home should be a rewarding experience, but it's important to know how the financing for a new construction is different from the financing for a previously owned home. You will need a specific type of loan called new construction loans, and they can be harder to get than a...
Construction Loan
Credit Score
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Posted on 11/29/2020
Buying with Less than 20% Down
Photo by Gustavo Frazao via Shutterstock Whether you’ve been saving up for a while or you’re just getting started, getting into a home might be easier than you think. If you’re looking to buy a home, but you just aren’t sure about tying all your savings into a house, check out the various loan options with low down...
Mortgage
Mortgage
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Posted on 10/18/2020
How Conforming Loan Limit Increase Affects the Jumbo Market
Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...
Jumbo Loan
Mortgage
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Posted on 04/26/2020
How Credit can Impact Your Mortgage Payments
Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...
Credit Score
Mortgage
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Posted on 03/29/2020
Financing Your Mortgage through a Credit Union
Image by annca from Pixabay You’ve finally found the perfect home. It’s got the number of bedrooms you wanted, a spacious kitchen, updated bathrooms, and even a beautiful vegetable garden out back. Now comes the tricky part—how to pay for it. Numerous home buyers find financing their mortgages through a credit union to be a good option. According...
Financing
Mortgage
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Posted on 11/24/2019
How Should You Approach a Mortgage Application?
Filling out a mortgage application may prove to be a long, exhausting process. Fortunately, we're here to help you streamline the mortgage application process so you can move one step closer to acquiring your dream house. Now, let's take a look at three tips to help you approach the mortgage application process with confidence. 1. Be Thorough A mortgage...
Mortgage
Buying A Home
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Posted on 11/17/2019
Understanding Your Mortgage: Prepayment Penalties
Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...
Mortgage
Mortgage
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Posted on 06/30/2019
What Are the Costs for Securing a Mortgage?
Securing a mortgage to buy a home is probably one of the best and most important milestones in a person's life. It comes with a lot of benefits and bragging rights. But, even with all of the butterflies and feelings of being on cloud nine, the truth of the matter is that there are also costs in securing...
Homebuyers
Mortgage
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